Naira depreciates further against dollar as new week begins
The naira depreciated against the dollar on Monday, exchanging for N464 at the investors’ and exporters’ window.
The rate represented a decrease of 0.36 per cent when compared to the N462.33 it exchanged at the close of business on Friday.
The open indicative rate closed at N463 .50 to the dollar on Monday. A spot exchange rate of N467 was used for trading within the day before it settled at N464.
The spot exchange rate was determined instantly.
The naira sold for as low as N460 to the dollar within the day’s trading.
A total turnover of 55.10 million dollars was traded at the official Investors’ and Exporters’ window.
Last Wednesday, the naira depreciated against the dollar, exchanging for N463.02 at the investors’ and exporters’ window. The rate represented a decrease of 0.17 per cent compared to the N462.25 it exchanged to the dollar on Tuesday.
The open indicative rate closed at N463 to the dollar on Wednesday. The naira sold for as low as N460 to the dollar within the day’s trading.
(NAN)
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